Fast and easy process
Get started online or get personalized attention over the phone or in any branch. Your loan closing will take place at a U.S. Bank branch near you.
Unlike a traditional refinance where only the rates and terms are adjusted, a Smart Refinance is a no-closing-cost mortgage refinance option that lets you take advantage of lower rates, get cash out at closing and change your loan term to 5, 10, 15 or 20 years.
The rates shown are the current national average. Enter your location details for rates in your area.
Rates shown for loans between the amount of $50,000 – $200,000, up to 70% loan to value (LTV), and for customers with automatic payments from a U.S. Bank personal checking or savings account with a FICO score of 730 or higher.1 Rates may vary by region and are subject to change.
U.S. Bank currently doesn’t offer Smart Refinance in your location. Other options, including home equity loans and home equity lines of credit, may be available.
This Smart Refinance calculator provides customized results based on the information you provide. But, like any estimate, it also makes assumptions about mortgage insurance and other costs, which can be significant.
Get started online or get personalized attention over the phone or in any branch. Your loan closing will take place at a U.S. Bank branch near you.
Lock in competitive interest rates with 5-, 10-, 15- and 20-year terms. In addition, there are:
Easily tap into the equity you’ve built in your home by getting cash out at closing. You can then use your money for home improvement projects, major purchases, debt consolidation or other needs.
A Loan Estimate provides important details about your loan, including the estimated interest rate, monthly payment and total closing costs. A banker can help you obtain a Loan Estimate without completing a full loan application.
It’s a first mortgage. Unlike a home equity loan, a Smart Refinance is a first lien against your home, not a second.
It’s a loan. It has a fixed rate and a term up to 20 years.
No. It can only be used to refinance an existing mortgage on your existing primary residence. If you want to purchase a new home, explore your options with U.S. Bank Home Mortgage.
Yes. If you have enough equity in your home, you can consolidate all of your debt into a Smart Refinance. This includes a home equity loan, a line of credit, credit card, car loan or any other debt.
We offer terms up to 20 years, including 5-year, 10-year and 15-year terms, with no closing costs.